Accordingly, two procedures are implemented in the SBV head office as follows: (i) procedures for establishing and re-establishing the gold bullion trading relationship with SBV; and (ii) procedures for announcing the replacement of the representatives of credit institutions for gold bullion trading with the SBV. The procedures are stipulated in Circular No. 06/2013/TT-NHNN dated March 12, 2013 guiding the gold bullion trading of the SBV in the domestic market.
The aforesaid procedures include the implementing steps and methods, detailed dossiers, conditionality, and application and statement formats which will be publicized on the National Database on administrative procedures and the SBV website. The announcement of the administrative procedures is implemented in accordance with Decree No. 63/2010/ND-CP of the Government on administrative procedures control and meets the requirements of transparency in the process of implementing administrative procedures.
By publicizing 02 administrative procedures in foreign exchange operations, SBV’s set of administrative procedures comprises 266 ones in the monetary and forex operations, the establishment and operations of banks, payments and other fields.